Form 4: PLPC CEO McKenna Reports Stock Transactions

PREFORMED LINE PRODUCTS CO CEO Dennis F. McKenna reported recent transactions involving common shares and restricted stock units, including an acquisition and a disposition for tax withholding.

Summary

• Dennis F. McKenna, CEO of PREFORMED LINE PRODUCTS CO (PLPC), reported transactions on February 4, 2026.
• Acquired 2,677 common shares at a price of $0, resulting from the conversion of restricted stock units based on the achievement of performance goals.
• Disposed of 2,223 common shares at $245.42 per share to cover tax withholding obligations for restricted stock unit vesting that occurred on December 31, 2025.
• Following these transactions, direct beneficial ownership of common shares is 7,887.
• Indirect beneficial ownership includes 24,535 common shares held by a rabbi trust for the Deferred Compensation Plan.
• Holds 2,308 restricted stock units that vest three years from the date of grant and convert one-for-one into common stock upon achievement of performance goals.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive due to the conversion of restricted stock units into common shares, indicating the achievement of performance goals, despite the subsequent sale for tax purposes.

Positives

• Acquisition of 2,677 common shares through restricted stock unit conversion, indicating the achievement of performance goals.
• Continued direct beneficial ownership of 7,887 common shares and indirect ownership of 24,535 common shares.

Negatives

• Disposition of 2,223 common shares to cover tax withholding, which reduces direct share count.

Risks

• No specific risks mentioned in this Form 4 filing beyond general market risks associated with holding company stock.

Future Outlook

Restricted stock units held by the reporting person will vest three years from their grant date, contingent on the achievement of performance goals.

Industry Context

StockSavvy.ai notes that routine insider transactions like Form 4 filings provide transparency into executive compensation and ownership changes but typically do not reflect broader industry trends.

Stakeholder Impact

• Shareholders: Minor impact from routine insider transactions, providing transparency on executive ownership.

Next Steps

• Future vesting of 2,308 restricted stock units three years from their grant date, contingent on performance goals.

Key Dates

Keywords

PREFORMED LINE PRODUCTS CO, PLPC, Dennis F. McKenna, CEO, Form 4, insider trading, stock transaction, common shares, restricted stock units, RSU, beneficial ownership, tax withholding